Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Up 0.4% - Time to Buy?

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) was up 0.4% on Thursday . The company traded as high as $257.66 and last traded at $257.66. Approximately 713 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 15,166 shares. The stock had previously closed at $256.56.

Hingham Institution for Savings Trading Up 0.2 %

The stock has a market cap of $551.97 million, a P/E ratio of 24.35 and a beta of 1.01. The firm's fifty day simple moving average is $271.52 and its 200-day simple moving average is $239.68. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. The company had revenue of $15.21 million for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%.

Hingham Institution for Savings Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Monday, January 6th. Hingham Institution for Savings's dividend payout ratio is 23.86%.

Institutional Investors Weigh In On Hingham Institution for Savings

Hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Hingham Institution for Savings by 35.4% in the second quarter. American Century Companies Inc. now owns 12,369 shares of the savings and loans company's stock worth $2,213,000 after purchasing an additional 3,231 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Hingham Institution for Savings by 113.2% in the third quarter. BNP Paribas Financial Markets now owns 2,938 shares of the savings and loans company's stock worth $715,000 after purchasing an additional 1,560 shares during the period. Doma Perpetual Capital Management LLC increased its position in Hingham Institution for Savings by 120.9% during the 2nd quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company's stock valued at $15,306,000 after buying an additional 46,834 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of Hingham Institution for Savings by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 14,347 shares of the savings and loans company's stock worth $3,491,000 after purchasing an additional 1,886 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Hingham Institution for Savings in the third quarter worth approximately $3,248,000. Institutional investors own 49.33% of the company's stock.

About Hingham Institution for Savings

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.